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Location, Location, Location. Vacant 1 acre lots in this neighborhood are still an excellent value at just under 2 million dollars (if you can find one), and Farrell homes here are selling for $5 million or more. That makes this sunlit, beautiful 4 bedroom, 3 bath post modern country cottage one of the best deals in town. It's great as is or if you want to double the footprint easily. Plans have been drafted for an expansion or a brand new 5500 square foot house. No matter how you slice it, this super private, one acre property sits on a country lane and is flanked by two cul-de-sacs and is across the street from reserve. By any means of transport, it boasts immediate access to Bridgehampton village shops and restaurants, and easy access (5 minutes by car) to major Golf Courses like Bridge and Atlantic. Most importantly, it's only 3 miles to Ocean Rd. Beach. The interior features a double-height living room, a sun room, central air, wrap-around porch and 2 second story decks with amazing sunsets. The house has an always-on backup generator, and the countrified property has hundreds of thousands of dollars worth of trees and a new stone front entrance and walkway. There's an open floor plan on the inside, and ample decks on the outside, (both making for great entertaining inside and out), and one of the most private, and beautiful 45 ft. gunite pools and bluestone patios in the Hamptons. The quiet street the house is on is surrounded by 60 acres of farmland and reserve. (Check Map this listing or Google Earth). There's a fresh farm stand around the corner. The house has been very nicely renovated (the roof is brand new), and maintained (HVAC system cleaned regularly). To sum it up this is a low maintenance, (taxes are $6,000) high quality Hamptons home. The choice is yours $4.25 million for a brand new 5500 sf Gambrel house (see picture), $3.7M to double the existing footprint, or enjoy this country cottage as is for 2.625M. Perfect time to diversify equity holdings into some real assets. This home will pay rewarding dividends, financially and personally.